In this news, we discuss the Ford posts stronger-than-expected quarterly profit, forecasts full-year profit.
DETROIT (Reuters) – Ford Motor Co FN on Wednesday posted better-than-expected quarterly profit on strong US demand for pickup trucks and SUVs, and forecast full-year profit instead of loss.
Ford reported third-quarter net income of $ 2.4 billion, or 60 cents per share, compared with $ 400 million, or 11 cents per share, a year earlier.
Excluding items, Ford’s profit was $ 3.6 billion, or 65 cents per share, exceeding the 19 cents expected by analysts polled by Refinitiv.
Report by Ben Klayman and Paul Lienert in Detroit; Edited by Matthew Lewis
Original © Thomson Reuters